Hardman & Co Research on City of London Investment Group (CLIG): Positive markets add to FUM and maintain dividend
08 August 2024 - 9:30PM
EQS Non-Regulatory
Hardman & Co Research
Hardman & Co Research on City of London Investment Group
(CLIG): Positive markets add to FUM and maintain dividend
08-Aug-2024 / 12:30 GMT/BST
The issuer is solely responsible for the content of this
announcement.
Hardman & Co Research
on City of London Investment Group (CLIG):
Positive markets add to FUM
and maintain dividend
City
of London has announced its FUM for 4Q’24 and the full year. It was
another positive quarter for the group, with FUM rising 1% from
$10.10bn to $10.24bn. Over the financial year, FUM have increased
8.7% and are at their highest level since before the market
weakness, in early 2022. Much of the positive effects this quarter
were driven by markets: the MSCI Emerging Markets Index rose 4%,
although the MSCI All-World ex-US index was flat. Inflows were
mixed, with a positive quarter for the International strategy and
outflows from Emerging Markets, KIM and Opportunistic Value.
Nevertheless, 2H’24 was a great improvement over 1H’24.
Please click on
the link below for the full report:
https://hardmanandco.com/research/corporate-research/clig-positive-markets-add-to-fum-maintain-dividend/
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End of Announcement - EQS News Service
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